Revenue in the logistics and services business, which comprises inland activities of APM Terminals and other land-based plus air logistics operations of the group, increased to USD1.46 billion in the first quarter from USD1.38 billion in the same period a year earlier.

Abu Dhabi Ports Company, the port’s landlord, which signed the 30-year concession with MSC this week, said the new investment would bring Khalifa Port Container Terminal capacity to 8.5 million teu by 2023.